Find the Indicated Probability

question 205

Multiple Choice

Find the indicated probability.
-A slot machine at a hotel is configured so that there is a 1/1200 probability of winning the jackpot on any individual trial. If a guest plays the slot machine 6 times, find the probability of exactly 2 jackpots. If a guest
Told the hotel manager that she had hit two jackpots in 6 plays of the slot machine, would the manager be
Surprised?

• A) 0.0000104; Yes, the probability of 2 jackpots in 6 plays is extremely small.
• B) 0.000000694; Yes, the probability of 2 jackpots in 6 plays is extremely small.
• C) 0.000000692; Yes, the probability of 2 jackpots in 6 plays is extremely small.
• D) 0.0872; No, hitting 2 jackpots in 6 trials is not so unlikely.

Understand the significance of early behaviorists' work and the foundation of behaviorism.

Recognize the influence of Freud's work on the understanding and treatment of mental disorders.

Comprehend the various methods used in research into the genetic basis of psychiatric disorders.

Understand the basic structure and function of different tissue types.

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Definitions:

Purchase Returns

Goods returned by the purchaser to the supplier due to defects, excess supply, or other reasons, often resulting in a refund or credit.

Cost of Goods Sold

The direct financial costs required for the manufacture of a company’s products, involving materials and labor expenses.

FIFO

An accounting method for valuing the cost of goods sold that assumes the earliest items purchased are the first to be sold.

Weighted Average Method

An inventory costing method that assigns a cost to inventory items based on the average cost of all similar items in inventory, weighted by the quantities purchased at different prices.